Vodacom Tanzania has promised its shareholders of its continued effort to retain a resilient growth in the telecommunication’s turf.
The firm has now renewed its efforts to ensure it retains its top position in the telecom sector.
According to the Chairman of the Board of Directors Mr Ali Mufuruki the company is now working to amass more revenue and invest in new technology.
“We are well prepared and we have the financial muscle to upgrade the technology in a bid to make profit,” He said.
The Chairman however noted that changes and operational costs, as well as the lowering of the calling rates by the Tanzania Telecommunication Authority (TCRA) has led to the company’s reduced revenue and dividends to its shareholders.
The chairman Ali Mufuruki also added that the government’s move to ensure that all Tanzanians using mobile phones are properly registered, has affected the company’s projected profit margins.
He said Vodacom’s goal is to be the leading telecommunications firm in Tanzania.
“So far we have a total of 13.2 million customers and last year we had a total of 12.9 million customers.” He said.
The shareholders’ meeting was attended by a large number of stakeholders, who came to negotiate and adopt a wide range of issues in the operation of the country’s largest mobile operator.
